Net National product at factor cost is also known as

(a)

National Income

(b)

Domestic Income

(c)

Per capita Income

(d)

Salary

National income is measured by using_______ methods.

(a)

Two

(b)

Three

(c)

Five

(d)

Four

Per capita income is obtained by dividing the National income by__________

(a)

Production

(b)

Population of a country

(c)

Expenditure

(d)

GNP

NNP stands for___________

(a)

Net National Product

(b)

National Net product

(c)

National Net Provident

(d)

National Net Provident

The value of NNP at production point is called _________.

(a)

NNP at factor cost

(b)

NNP at market cost

(c)

GNP at factor cost

(d)

Per capita income

The value of national income adjusted for inflation is called_________

(a)

Inflation Rate

(b)

Disposal Income

(c)

GNP

(d)

Real national income

PQLI is the indicator of___________.

(a)

Economic growth

(b)

Economic welfare

(c)

Economic welfare

(d)

Economic development

GNP stands for

(a)

Net National Product

(b)

Gross Net Product

(c)

Gross Net Provident

(d)

Gross National Product

Formula for calculating NNP at factor cost.

(a)

\(\frac{Nominal\ GDP}{Real\ GDP}\times 100\)

(b)

NNP at Market Prices - Indirect taxes + Subsidies.

(c)

GNP - Depreciation allowance

(d)

Output = Income = Expenditure

National Income provides a comprehensive measure of _________ activities of a nation.

(a)

Economic activity

(b)

Production activity

(c)

Consumption activity

(d)

Industrial activity

GNP includes __________ types of final goods and services.

(a)

Two

(b)

Four

(c)

Five

(d)

Three

NNP at factor cost = NNP at Market Price - ________ + Subsidies.

(a)

Direct taxes

(b)

Canons of taxes

(c)

Indirect taxes

(d)

None of these

Output = Income = _________

(a)

Price

(b)

Expenditure

(c)

Income

(d)

None of these

_______ are excluded from national income.

(a)

Capital Gains

(b)

Social Accounting

(c)

Statistical Problems

(d)

None of these

The per capita income of an economy can be calculated by __________.

(a)

Dividing GDP by population

(b)

Dividing GNP by population

(c)

Multiplying GNP by population

(d)

Dividing GNP by number of people employed

National income per person is used as an indicator of ________.

(a)

standard of living of people

(b)

poverty of the people

(c)

the richness of people

(d)

growth of industrialisation

_________ is the total value of output produced and income received in a year by domestic residence of a country.

(a)

GDP

(b)

NNP

(c)

NDP

(d)

GNP

According to the year 2001, Indian per capita income is _________ dollar.

(a)

520

(b)

460

(c)

240

(d)

900

Transfer earnings is referred to ______.

(a)

Pension payments to retired persons

(b)

Income paid as rent to landlord

(c)

An interest payments to a capitalist

(d)

Medical payments made to an employee of a company

GDP= ___________

(a)

GDP at Market Price + Net factor income from abroad

(b)

GDP = \(\frac{Normal\ GDP}{Real\ GDP}\times100\)

(c)

GDP = GNP + Net factor income from abroad

(d)

All the above